There is a lot of promise in the Internet of Things (IoT) as a means to create business value, but there is also a lot of hype. In fact, an unclear business benefit is one of the top barriers to IoT efforts overall.
Why do we make business investments?
The short answer is, we make business investments because, after all, this is the cost of doing business. This is the cost you have to pay to be able to stay in business.
How do we stay in business?
By making smart decisions guided by intelligent and reliable information. The main drivers that affect the ability to stay in business are the following:
- Reducing costs
- Improving price-to-performance ratios
- Lowering risk, or in other words, increasing the change to ...
